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2018 | OriginalPaper | Chapter

11. China–Europe Investment Cooperation: A Digital Silk Road

Author : Mireia Paulo

Published in: The Belt & Road Initiative in the Global Arena

Publisher: Springer Singapore

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Abstract

The EU–China Investment Cooperation is still in an incipient stage since it was launched at the EU–China High Level Economic Dialogue in Beijing on 28 September 2015. This chapter briefly reviews both the Silk Road initiative and the European Fund for Strategic Investment. Analysis of these two economic initiatives raises the question of how to align them to identify possible avenues for cooperation. The chapter looks at this new Sino-European investment cooperation. Through examining both economic initiatives and objectives, a number of common sectors can be highlighted, including infrastructure, R&D, pharmaceuticals, clean energy, and education. It then explores a specific field, the digital industry, and particularly the 5G market, which opens a variety of doors regarding the internet of things, big data, clouding, intelligent transport, entertainment, and media.

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Footnotes
1
This chapter will apply to the official concept and acronym used by the national Chinese government that officially states how to translate the Chinese concepts into English. For more information visit: http://​language.​chinadaily.​com.​cn/​2015-09/​24/​content_​21970378.​htm.
 
2
The author of this chapter, Mireia Paulo, participated in the workshop as a speaker.
 
3
A plan that focuses on the internet of things, mobile internet, big data, and cloud computing.
 
4
Member of the cabinet of Commissioner/Vice-President Jyrki Katainen for jobs, growth, investment, and competitiveness.
 
5
Policy Coordinator, China, Hong Kong, Macao, Taiwan, and Mongolia at DG TRADE.
 
6
Based on interviews conducted with European officials in Brussels during February 2016.
 
7
Based on interviews conducted with Chinese officials in Shanghai during April–May 2016.
 
8
Based on interviews conducted with Chinese officials in Shanghai during April–May 2016.
 
9
Based on interviews conducted with European officials in Brussels during February 2016.
 
13
Based on interviews conducted with European officials in Brussels during February 2016.
 
14
For more information visit: https://​5g-ppp.​eu/​.
 
16
The latest EU -backed research project designed to develop standards for the next generation of mobile technology is called ‘FANTASTIC 5G, which was joined by 16 leading providers in July. Leading operators and vendors team up, including Nokia Networks, Huawei, Orange, and Telecom Italia, to develop a new air interface below 6 GHz for 5G networks. It will run for 2 years, with a total of €8 million in EU funding. For more information visit http://​www.​mobileworldlive.​com/​featured-content/​home-banner/​16-providers-join-latest-eu-backed-5g-research-project/​.
 
18
Interview with European official (1), 14 February 2016, Brussels.
 
19
World Radiocommunication Conferences (WRCs) are held every three to four years. It is the job of WRC to review the Radio Regulations, the international treaty governing the use of the radio-frequency spectrum and the geostationary satellite and non-geostationary satellite orbits. For more information see http://​www.​itu.​int/​en/​ITU-R/​conferences/​wrc/​2015/​Pages/​default.​aspx.
 
20
Interview with European official (6), phone interview, 27 June 2016, Shanghai.
 
21
The ITU is the United Nations specialized agency for information and communication technologies. It covers high speed, broadband, and internet protocol (IP)-based mobile systems featuring network-to-network interconnection, feature/service transparency, global roaming, and seamless services independent of location. For more information see http://​www.​itu.​int/​en/​about/​Pages/​default.​aspx.
 
22
3GPP2 was born out of the ITU´s initiative. It involves Japan, China, North America, and Korea. It is intended to bring high-quality mobile multimedia telecommunications to a worldwide mass market by achieving the goals of increasing the speed and ease of wireless communications, responding to the problems faced by the increased demand to pass data via telecommunications, and providing “anytime, anywhere” services. For more information visit http://​www.​3gpp.​org/​, http://​www.​3gpp2.​org/​Public_​html/​Misc/​AboutHome.​cfm.
 
23
The China Development Research Foundation (CDRF) is a public foundation initiated by the Development Research Center of the State Council (DRC) and under the management of Cyberspace Administration of China. The president is Ma Li. Its mission is to advance good governance and public policy. For more information visit http://​www.​cdrf.​org.​cn/​en/​.
 
Literature
go back to reference Casarini, N. (2015a, September). China’s inroads into the West. Catham house, 71(5). Casarini, N. (2015a, September). China’s inroads into the West. Catham house, 71(5).
go back to reference Casarini, N. (2015b, October). Is Europe to benefit from China’s Belt and Road Initiative? Istituto Affari Internazionali, 15(40). Casarini, N. (2015b, October). Is Europe to benefit from China’s Belt and Road Initiative? Istituto Affari Internazionali, 15(40).
go back to reference OMSI Online Modern Scientific Instrument. (2016, February 22). 2015 5G testing and measuring technologies conference and 5G application and product exhibition—The 11th International (Shenzhen) Instrument and Measurement Automation Summit Forum was held successfully on December 18th in Shenzhen (in Chinese). Retrieved May 27, 2016, from http://a.wangzhanhr.com/news/6/201602120827.html. OMSI Online Modern Scientific Instrument. (2016, February 22). 2015 5G testing and measuring technologies conference and 5G application and product exhibition—The 11th International (Shenzhen) Instrument and Measurement Automation Summit Forum was held successfully on December 18th in Shenzhen (in Chinese). Retrieved May 27, 2016, from http://​a.​wangzhanhr.​com/​news/​6/​201602120827.​html.
go back to reference Summers, T. (2015, September). What exactly is One Belt, One Road? Chatham House, 71(5). Summers, T. (2015, September). What exactly is One Belt, One Road? Chatham House, 71(5).
go back to reference Yang, Y. (2016, May 25). Speech by Ambassador Yang Yanyi at ChinaEu 1st anniversary: “China-EU Partnership in the Digital Industry”. China EU. Retrieved May 30, 2016, from http://www.chinaeu.eu/. Yang, Y. (2016, May 25). Speech by Ambassador Yang Yanyi at ChinaEu 1st anniversary: “China-EU Partnership in the Digital Industry”. China EU. Retrieved May 30, 2016, from http://​www.​chinaeu.​eu/​.
Metadata
Title
China–Europe Investment Cooperation: A Digital Silk Road
Author
Mireia Paulo
Copyright Year
2018
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-10-5921-6_11